Latest news
Latest news
Software loan sell-offs and the Iran war have caused US and European loans to price differently
Manager adds almost €100m across the CLO's capital structure
The triple-A rated notes' spread widened by 25bp compared to the original deal
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Prospective lenders recommitted to Scandlines’ €875m refinancing package on Wednesday, after the German-Danish ferry operator changed the terms and pricing of the debt in its favour late last week.
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Dr Martens club deal - Host Europe's German growth - Nocibé launches LBO loans - Stahl to issue debt
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CQS Investment Management priced the first European CLO in six weeks on Thursday afternoon, its €361.55m Grosvenor Place 2013-1 deal which was arranged by Deutsche Bank.
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London-based Mint Partners is looking to put together a novel CLO-type transaction backed by loans made to UK property developers for prime residential developments in London.
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Abengoa, the Spanish construction and industrial conglomerate, sold a €50m tap of its 2018 bonds on Wednesday.
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Double-B rated high yield bonds issued in Europe and the US in the last year could be the place to be for investors, according to Fraser Lundie, co-head and senior portfolio manager at Hermes Credit.
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The Automobile Association has joined a record 12 other issuers in selling a PIK toggle bond in Europe this year. This week's £350m transaction was the largest PIK toggle in sterling this year.
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Capsugel increased its PIK toggle drive-by bond by $50m and priced it at the tight end of guidance on Thursday. The US maker of pill capsules raised $465m of payment-in-kind notes.
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Nuance Group, the Swiss duty free retailer, released price guidance for its €200m debut high yield bond on Thursday and plans to sell the deal on November 1.